Fa-Sheng Temple Of The American Seattle Buddhist Association
- Assets
- $10.6m
- Revenue
- $249.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 91-1178407
Organization Overview
Fa-Sheng Temple Of The American Seattle Buddhist Association is located in Seattle, WA. The organization was established in 1984. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fa-Sheng Temple Of The American Seattle Buddhist Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fa-Sheng Temple Of The American Seattle Buddhist Association generated $249.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $128.5k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEMPLE-RELIGIOUS SERVICE
Describe the Organization's Program Activity:
RELIGIOUS SERVICE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $224,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,825 |
| Total Program Service Revenue | $0 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,275 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,094 |
| Fees for services: Accounting | $1,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,300 |
| Advertising and promotion | $0 |
| Office expenses | $2,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,585 |
| Travel | $5,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,183 |
| All other expenses | $11,859 |
| Total functional expenses | $128,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,053,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,862 |
| Total assets | $10,581,708 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $425,365 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $213,923 |
| Total liabilities | $639,288 |
| Net assets without donor restrictions | $9,942,420 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,581,708 |
Peer Organizations
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|---|---|---|
Sheng-Yen Lu Foundation Redmond, WA | $13,329,663 | $1,856,075 |
Seattle Meditation Center Mountlake Terrance, WA | $2,480,569 | $886,146 |
Friends Of Cloud Mountain Castle Rock, WA | $2,182,059 | $720,638 |
Center For The Practice Of Zen Buddhist Meditation Sequim, WA | $1,632,156 | $459,776 |
Oregon Meditation Center Portland, OR | $1,627,146 | $324,907 |
Pariyatti Onalaska, WA | $667,319 | $352,710 |
Vietnamese Buddhist Meditation Congregation Renton, WA | $396,049 | $0 |
Northwest Zen Sangha Portland, OR | $5,044,797 | $760,154 |
Khmer Buddhist Society Seattle, WA | $563,332 | $691,313 |
Intermountain Vipassana Association Inc Lava Hot Springs, ID | $1,668,454 | $181,845 |
Vietnamese Buddhist Community Co Lam Temple Seattle, WA | $637,519 | $153,346 |
Buddhist Community Of Oregon Portland, OR | $0 | $148,588 |